NALCO to study world-class practices for Angul Aluminium Park
Bhubaneswar: In a bid to boost the ancillary industries in Odisha, National Aluminium Company Limited (NALCO) today said it plans to send a team to the Middle-East to study world-class practices in the field of upstream and downstream industries.
“While NALCO is taking a lead in many issues pertaining to the industrial development of Odisha, the company is ready to take a call for the enhancement of quality up-gradation of the ancillary industries,” Nalco CMD T K Chand said here today.
Chand said this while addressing the first Executive Committee Meeting of the Utkal Chamber of Commerce & Industry (UCCI). He was felicitated by the Chamber.
In turn, UCCI proposed to send its representative in NALCO’s study team to Middle-East.
“Micro-medium-small enterprises are now expected to produce the required quantity and high quality products, so as to enable themselves to seize the opportunities under the new Industrial Policy of the state government and as a responsible corporate, NALCO is keen to provide all kinds of support,” Chand added.
The aluminium park at Angul is being developed jointly by Nalco and state-owned Odisha Industrial Infrastructure Development Corporation (Idco).
About 160 acres of land has been acquired at Angul for the purpose of setting up the proposed aluminium park, sources in MSME (micro, small & medium enterprises) department said.
The proposed park is being developed through a special purpose vehicle (SPV) named Angul Aluminium Park Private Ltd (AAPPL), with shareholding of 50.50 per cent and 49.50 per cent between Idco and Nalco, respectively.
It will come up over 450 acres of land, of which 160 acres will be taken up for development in the first phase.
Industries using aluminium conductors, extrusions, castings, foils, powder and paste can be set up at the aluminium park.